XML 71 R51.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Other net losses (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Other Income and Expenses [Abstract] |
Schedule of Other Net Losses | Other net losses consist of the following:
|  |  |  |  | 2021 |  | 2020
Acquisition and transition-related costs |  |  |  |  | $ | 14,507 |  |  | $ | 14,104 |
U.S. Tax reform (a) |  |  |  |  | — |  |  | 11,728 |
Management succession and executive retirement (b) |  |  |  |  | — |  |  | 12,639 |
Other (c) |  |  |  |  | 8,442 |  |  | 22,840 |
|  |  |  |  | $ | 22,949 |  |  | $ | 61,311 |
(a)U.S. Tax reform As a result of the Tax Cuts and Jobs Act enacted in 2017, regulators in the states where the Regulated Services Group operates contemplated the rate making implications of federal tax rates from the legacy 35% tax rate and the new 21% federal statutory income tax rate effective January 2018. On July 1, 2020, the Company received an order from the Public Service Commission of the State of Missouri that requires the Empire Electric System to refund to customers over five years the revenue requirement collected at the higher tax rate between January 1, 2018 and August 31, 2018 before new rates came into effect. Therefore, an accounting loss was recognized for $11,728 in 2020. (b)Management succession and executive retirement In 2020, the Company announced succession plans for the role of CEO, and the retirements of the CFO and Vice Chair. As part of the retirement agreements, the Company recorded $12,639 of expenses, for the year ended December 31, 2020, in relation to these executives’ share-based compensation agreements. (c)Other Other losses primarily consist of an adjustment to a regulatory liability pertaining to the true-up of prior period tracking accounts, costs pertaining to condemnation proceeding, other miscellaneous asset write-downs, net of miscellaneous gains.

X
- References No definition available. + Details
Name: | us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the detailed components of other nonoperating expenses. This disclosure may include methodology, assumptions and amounts for : (a) losses on securities (net of profits) and (b) miscellaneous income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingExpenseByComponentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration